Get the free Form 8937 Report of Organizational Actions Affecting Basis

8937 Report of Organizational Actions Affecting Basis of Securities Form (December 2011) Department of the Treasury Internal Revenue Service Part I OMB No. 15452224 See separate instructions. Reporting

How to fill out form 8937 report of

How to fill out form 8937 report of:

1. Obtain the necessary form: Begin by obtaining form 8937, which is the Report of Organizational Actions Affecting Basis of Securities. This form is typically available on the official website of the Internal Revenue Service (IRS).
2. Provide identifying information: Fill out the top section of the form, which requires you to provide your name, address, and tax identification number. Ensure that you accurately enter this information to avoid any processing errors.
3. Describe the organizational action: In the next section, describe the organizational action that necessitates the filing of form 8937. This could involve a merger, acquisition, stock split, dividend distribution, or other similar events that impact the basis of the securities.
4. Report covered securities: Specify the type and number of covered securities that were affected by the organizational action. This includes providing details about the securities such as the CUSIP number, the date of the organizational action, and the adjusted basis of the securities.
5. Calculate and report adjustment to basis: Calculate and report the adjustment to the basis of the covered securities due to the organizational action. Include any relevant calculations or formulas used to determine the adjusted basis. It is important to ensure accuracy in these calculations as they can impact future tax obligations.
6. Attach additional supporting documentation if required: Depending on the complexity of the organizational action, the IRS may require specific supporting documentation to be attached to form 8937. These could include legal agreements, prospectuses, or other relevant documents. Review the instructions provided with the form to determine if any additional documentation is necessary.

Who needs form 8937 report of:

1. Corporations undergoing organizational actions: Companies that have undergone specific organizational actions, such as mergers, acquisitions, stock splits, or dividend distributions, may be required to file form 8937 with the IRS. This ensures that the basis of the securities involved in the action is properly reported for tax purposes.
2. Shareholders and investors: In some cases, shareholders or investors may be responsible for filing form 8937. This could occur if the corporation does not fulfill its reporting obligations or if the shareholder has direct ownership of the securities involved in the organizational action.
3. IRS and tax authorities: The IRS and other tax authorities utilize form 8937 to assess the proper reporting of basis adjustments resulting from organizational actions. By submitting this form, corporations and individuals ensure compliance with tax regulations and facilitate accurate tax calculations.

For pdfFiller’s FAQs

What is form 8937 report of?

Form 8937 report is filed to report organizational actions that affect the basis of securities held in a corporation.

Who is required to file form 8937 report of?

The corporation that undergoes an organizational action described in the instructions for Form 8937 is required to file this form.

How to fill out form 8937 report of?

Form 8937 should be completed according to the instructions provided by the IRS, including entering all required information accurately.

What is the purpose of form 8937 report of?

The purpose of Form 8937 report is to report certain organizational actions that may affect the basis of securities held by shareholders.

What information must be reported on form 8937 report of?

The form requires specific details about the organizational action, including the date of the action, its effect on basis of securities, and other relevant information.

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